Mumbai is India's largest city ( by population) and is the financial and commercial capital of the country as it generates 6.16% of the total GDP. It serves as an economic hub of India, contributing 10% of factory employment, 25% of industrial output, 33% of income tax collections, 60% of customs duty collections, 20% of Mumbai, the economic powerhouse of India not only contributes the highest GDP of $209 billion but is also responsible for 25 percent of industrial output, 70 percent of maritime trade in India and 70 percent of capital transactions to the nations economy. Best acknowledged as the industrial hub of India, the city operates sectors from textiles to petrochemicals and serves as the headquarters for many companies. Mumbai and its surrounding regions contribute over 20 per cent of the states GDP. Mumbai's per capita income is a little more than three times that of India Estimates by the UN suggest that Mumbai is likely to have a population of around 27 million inhabitants by 2020, By 2020-21 fiscal, Mumbai's GDP Per capita at PPP is expected to reach US$ 23,000.
Mumbai is the business & financial capital of India. All the major financial institutions, banks and stock exchanges are based in Mumbai. The head quarters or administrative offices of major business houses operate out of Mumbai. The Chemicals, Petrochemicals, Process Plant Machinery and Automation Industry is present in Maharashtra and Gujarat thus making Mumbai the best location for hosting India Chem series of events.
